Algorand Price Prediction

Nov 30, 2022
5 min read

This blog post will cover:

  • ALGO coin statistics
  • Crypto community about ALGO
  • ALGO price prediction 2022
  • ALGO price prediction 2023
  • ALGO price prediction 2024
  • Historical price analysis of ALGO

ALGO is a coin of a public cryptocurrency blockchain called Algorand. It is a self-sustaining, decentralized network that supports different types of applications. Algorand was created as a response to Bitcoin and other blockchains with relatively low speed of transactions. It aims to solve the following problems: security, scalability, decentralization. Beside the speed there are a number of other interesting features that distinguish Algorand network from other similar platforms. It has decentralized consensus, does not have forks, it has low computation requirements. All ALGO coin holders can propose changes to the network, they also can delegate their coins to participate in consensus.

The ALGO coin was created by the Turing Award laureate. That’s the most prestigious award in computer science.

Nowadays, Algorand is one of the best coins for staking. Just one coin is enough to become a network validator. This makes hacking attacks financially groundless. The yield for staking is in the range of 5 to 10%. The coin has already shown a good five-time upward movement and was in the top 20. DeFi and NFT projects are currently poorly represented on the blockchain, but the team is actively developing towards this direction. The project is represented as a promising one and it will probably attract even more attention in the long-term perspective.

ALGO coin statistics

Let’s take a look at some ALGO statistics represented on

Price prediction at 12.01.2022:
ALGO price: $0.248494383686686
Market capitalization: $1769466041.3605697
Volume (24h): $70323656.50657718
Circulating supply: 7120748626.623288 ALGO
Total supply: 7344139053.177009 ALGO
Max supply: 10000000000 ALGO

Crypto community about ALGO

Let’s take a look at the experts’ and community opinion about Algorand.

According to this we can conclude that the Algorand’s community sees a good perspective for the project.

ALGO price prediction 2022

Let’s take a look at the price prediction data from various services.

Price prediction at 12.01.2022:
Minimum ALGO price for 2022: $0.0015442000000000001
Maximum ALGO price for 2022: $0.36737
Average ALGO price for 2022: $0.06774

Year-end ALGO price predictions 2022:
Minimum expected: $0.0015442000000000001
Maximum expected: $0.36737
Average expected: $0.06774

ALGO price prediction 2023

According to ALGO will show an increase in price until the spring of 2023. Then a dip is expected. At the end of the year the price will start raising again.For the year 2023 predicts stable growth with no essential does not see any price increases. It predicts that price will fluctuate around $3 without any strong moves.This correlates with prognosis. This service also sees fluctuations, however, at the price of $4.

ALGO price prediction 2024 shows a stable growth throughout the 2024. It is expected to go close to the price it has now.WalletInvestor makes a very optimistic prediction for 2024. It expects the current price to grow six times higher to the end of the year.According to the fluctuation will intensify, but the price still will not go too far from $ predicts a little dip at the beginning of the year, and growth up to $5 at the end of the year.

Historical price analysis of ALGO

Since Algorand appeared not so long ago, its way to the current level was not very saturated. And the price changes are primarily linked to the interest of the community to this new network. However, it has already shown some bullish and bearish trends. Let’s take a closer look at them.

  • All Time High: $3.28 (Jun 21, 2019)
  • All Time Low: $0.1024 (Mar 13, 2020)

The Algorand mainnet started in 2019. It has entered the market confidently. It started to trade at the price of $2.89. Unfortunately, till the end of 2019 the price fell to $0.23.

At the beginning of 2020 the bearish note was still strong. Until August the price was fluctuating below the resistance level. It was able to finish the year with the higher price of $0.33. Up to December 2020 the network showed the ability to handle 1 million transactions per day. In 2020 the network showed its abilities and became interesting to different kinds of investors. The second half of 2020 became a starting point for the growth of its price. Since then we can witness a progressive increase in its price without any serious turbulence. 

Some analysts connect the price changes with the volatility of other cryptocurrencies. On the other hand, we can witness a formation process of a new project. It took some time to prove its reliability. At this moment it stands on the stable upgoing trend and probably will surprise us with higher prices and even better performance.

We hope that this article was useful for you and showed the basic tendencies in the ALGO price. 

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

Don’t miss our new articles!


Share on:

We’re launching a new edu app about crypto soon.

Leave your contact to become one of our first users!

Related Articles

Price Predictionscalendar
Aug 10, 2022

Arcblock Price Prediction

Learn more about the ABT token and its price

Price Predictionscalendar
Nov 30, 2022

Loopring Price Prediction

Find different opinions about the future of the LRC price

Price Predictionscalendar
Nov 30, 2022

Enjin Coin Price Prediction

Learn more about the ENJ price